34. Satellite Company is considering two mutually exclusive projects. Project A has an internal rate of return (IRR) of 15 percent, while Project B has an IRR of 25 percent. The two projects have the same risk, and at a required return of 8.0% the projects have the same NPV (i.e., the cross-over rate = 8%). Assume each project has a normal series of cash flows. Given this information, which statement is correct? Group of answer choices If the WACC is 12 percent, Project Bs NPV will be higher than Project As NPV. If the WACC is 9 percent, Project Bs NPV will be lower than Project As NPV. If the WACC is 6 percent, Project As NPV will be lower than Project Bs NPV All of the statements above are correct.